OPEC to increase output-Iraq

OPEC will likely decide to cut oil output at its Dec. 14 meeting in Vienna as global oil demand is expected to decline next year, Iraq’s oil minister said on Tuesday, a view in line with fellow member Iran but one which runs counter to mainstream expectations.
Industry observers say a cut in output is unlikely to find support among the Gulf Arab OPEC members while oil prices remain well above $100 a barrel………………………………………..Full Article: Source